My husband and I just returned from a four-day trip to Oak Island. We stayed at the Driftwood Motel and loved it. Another reviewer, above, calls it a "ratrap", which we think is inaccurate. The rooms were indeed a little outdated, but they were clean and comfortable, and we found their 70s atmosphere charming. They had cable, a small fridge, and a microwave. The wall-unit AC kept the room icy cold when needed. The bathrooms were clean and housekeeping was accomodating about requests for extra towels. We loved the tidy communal kitchen and used it at least twice a day. It was fully stocked with utensils, dishes, cookware, etc. Cooking our own meals and eating them at the outdoor table, then enjoying a glass of wine under the vine-covered pergola was much better than searching for a restaurant. (On that subject, you should avoid the "Lucky Fisherman" seafood buffet.) They also have a nice little pool with an outdoor shower. The location across from Yaupon Pier and a public beach access is great. They allow small dogs. And the rates are affordable.
For $60-80 a night, you can't expect anything fancy. The Driftwood was a great value and we will probably try to go there again. (Note: we had a double room with two beds on the lower level the first night, then a single with one bed on the top floor the next two nights. We liked the smaller single better!)
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC